The Congressional Budget Office is projecting a deficit for the current year of $145 billion, while the administration is projecting one of $109 billion.
You can see the reason on page 17 of this CBO report — the administration is projecting that the number of veterans who will receive disability compensation will be much higher than the CBO (or Ryan's budget) assumes.
The administration is projecting the losses to the government from the bailout program will be about $120 billion, most of it due to auto and AIG assistance.
Lawmakers who had been briefed on the budget said that the administration was projecting that the state would end the current fiscal year on June 30 with $21.5 billion in revenues.
But for the year beginning July 1, the Giuliani administration is projecting a $4 billion gap.
Diane Cardwell (NYT) ALBANY: DROP IN PRISON POPULATION -- The Pataki administration is projecting that the state's prison population will have fallen by 2,400 inmates at the end of the current fiscal year, on March 31.
But the spending shift has caught the notice of budget monitors, who are asking why, in such good economic times, the Giuliani administration is projecting a $2.64 billion budget deficit for the 2002 fiscal year.
New efficiency standards for clothes washers, water heaters and air-conditioners adopted by the Clinton administration were projected by the Clinton Energy Department to reduce electricity demand by the equivalent of 170 300-megawatt power plants over 20 years if fully enforced.
Large-scale mining operations that form part of the economic engine promoted by the Santos Administration are projected in many indigenous collective lands and this will worsen the human rights crisis they are facing.
He also said his administration was projecting that the state would lose 160,000 private sector jobs by the end of next year.
The administration is also trying to project an image of unity on Syria.
